Building materials prices growth slows down

Prices for building materials in recent weeks started growing at a slower pace compared to the period from the middle of 2021 to the middle of this year, chief economist of the Polish Association of Construction Employers. Damian Kaźmierczak told in an interview with money.pl.

Oriented strand boards recorded the lowest price increase in July among all analyzed product groups (by 0.02%), followed by 49% jump in May 2022. Much slower price growth was also recorded for the house surroundings, thermal insulation, and drywall. However, cement and lime continue showing notable price increases, a chain of construction and renovation materials PSB Group reported.

The pace of price increases in July slowed down by 3 percentage points to 29%, the industry portal RynekPierwotny.pl estimated. 

(money.pl)